The '''Pacific Gas and Electric Company''' ('''PG&E''') is an investor-owned electric utility (IOU) with publicly traded stock
that is headquartered in the Pacific Gas & Electric Building
in San Francisco
. PG&E provides natural gas
to most of the northern two-thirds of California
, from Bakersfield
almost to the Oregon
border which represents 5.2 million households.
PG&E is overseen by the California Public Utilities Commission
. It is the leading subsidiary of the holding company '''PG&E Corporation''' which has a market capitalization of $29.37 billion.
It was founded by George H. Roe during the period after California's Gold Rush
and by 1984 was the United States "largest electric utility business".